A recent report published by Infinium Global Research on marine
telematics market provides an in-depth analysis of segments and sub-segments in
the global as well as regional marine telematics market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional marine telematics market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global marine telematics market. According to the report, the
global marine telematics market is projected to grow at a CAGR of 21.5% over
the forecast period of 2019-2025.
Marine telematics uses wireless voice and data communication
systems that offer vessel tracking, system monitoring, internet access,
emergency aid, and other features. Companies operating in the global marine
telematics market are adopting strategies such as mergers, acquisitions, and
new product launches that expand their market share. The key players in the
global marine telematics market are investing in research and technological
development that promotes innovations.
The surge in demand for specialized boats and ships that ensures
efficient offshore operations drives the growth of the marine telematics market.
The increasing use of telematics technology in the marine industry contributes
to the growth of the marine telematics market. The rapidly changing
transportation industry stimulates the growth of the marine telematics market.
The increasing adoption of the latest technology in ships promotes the growth
of the marine telematics market. The incorporation of real-time fleet
monitoring systems in marine propels the growth of the marine telematics
market. The growing use of cloud-based technology in marine operations
management solutions boosts the growth of the marine telematics market. On the
flip side, high integration costs hamper the growth of the marine telematics
market. Moreover, the rising adoption of automation in marine transportation
creates several opportunities for the growth of the marine telematics market.
Based on geography, the global marine telematics market is
classified into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is expected to have a premium share in the global marine
telematics market. The increasing offshore oil and gas exploration contributes
to market development in North America that stimulates the growth of the marine
telematics market in North America. Europe is anticipated to grow in the global
marine telematics market with a healthy CAGR over the forecast period.
Asia-Pacific is showing growth in the global marine telematics market. The
surge in the number of container ship transportation in the Asia-Pacific region
drives the growth of the marine telematics market in the Asia-Pacific
The report on the global marine telematics market covers segments such
as product type and application. On the basis of product type, the sub-markets
include data collection system, data release system, remote batch system,
conversational system, and Q & A system. On the basis of application, the
sub-markets include passenger ships, offshore oil and gas, and military ships.
The report provides profiles of the companies in the market such
as Agero Inc., Airbiquity Inc., Connexis LLC, Ki2 Infotech Private Limited,
Market Spectrum, Inc., Cybernetica AS, Navis LLC, Sentinel Marine Solutions,
AST Marine Sciences Limited, and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of marine
telematics market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.